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ACTEX VEE Finance Online Course | On Demand | SOA & CAS Approved Author: Li & Ng

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Our Finance Online course offers personalized learning on a schedule that works for you.

The VEE Finance course provides you:

  • 180-Day subscription
  • Tailor-made readings – designed for actuarial students and practicing actuaries
  • Comprehensive lecture notes – include illustrative examples
  • Video lectures – easy to follow
  • Practice Problems – included at the end of each module
  • Access to Instructors – Students have access to one-on-one instructor support for 180 days
  • Pass Guarantee – Students who are unable to achieve a passing score may retake the entire course, or the final exam only, at no additional charge
  • Self-contained course – all required readings are included in the course fee

Note: 60% student discount available

The course materials are meticulously organized into two modules, helping you achieve the learning objectives prescribed by the SOA with ease:

  1. Capital Budgeting and Investment Decisions
  2. Cost of Capital

Key concepts such as discounted cash flow analysis, debt and equity financing, investment decision rules, financial statement analysis, financial and accounting ratios, portfolio diversification, and weighted-average cost of capital will be discussed.

The depth, pace and structure of the course material is comparable to a one-semester senior undergraduate course in Finance.

Assessment: The final grade is based on four assignments, and a final exam. The assignments questions are multiple choice, constructed to help students verify that they have achieved all of the learning objectives. Students may complete the assignments at their leisure – anytime before the final exam is written.

Final Exam: The final exam is a comprehensive, two-hour, closed-note and closed-text exam. Exam questions are multiple-choice, similar in substance to the assigned practice and graded homework problems.

Proctors: Students are responsible for finding a proctor. Students can choose to use our online proctoring service, ProctorU (details below), or find an outside individual. Exam proctors must be approved by ACTEX. Acceptable proctors include:

  • Credentialed actuaries
  • CFA or a member of management unable to sit for exams, such as an HR manager or university professor
  • The proctor and candidate may not be related

If you have selected CBT Final (computer-based test) the instructions will be emailed to your proctor (see Student Responsibilities below).

Individuals with disabilities are eligible to receive necessary testing accommodations. Please contact prior to registering for this course if you require an accommodation.

Students are allowed to use SOA approved calculators.

Computer-Based Test (CBT) Final Exam: ProctorU

  • This service is offered as a convenience for our students. ACTEX does not profit from the use of this service.
  • Students must create a ProctorU account and are responsible for scheduling and paying ProctorU for their exam ($28.00).
  • The ProctorU service is not included in the Pass Guarantee.

Advantages of using ProctorU:

  • ProctorU is available worldwide 24 hours a day and can schedule your exam when you are ready.
  • Take the final exam in the comfort of your home, office or any private setting with access to the Internet.

Communication with the Instructors:

The instructor will respond to student emails throughout the course normally within 24 hours. By appointment, the instructor will also be available by phone for student questions.

Student Responsibilities:

  • Students should download all course materials as instructed. Students should read instructor notes. Assignments must be completed individually. No collaboration or other assistance is permitted. Assignments must be completed according to the instructions provided.
  • Students are responsible for finding a proctor for the final examination or using ProctorU to remotely proctor your exam. The final exam must be proctored by a credentialed actuary from the SOA, CAS or an international Actuarial Society. Your proctor must be approved by ACTEX prior to the examination date by submitting your proctor’s information in the Proctor Submission Portal on the course website. Students must agree to the Site Policy in order to access their online course.
  • Please note: students must pass two SOA, CAS or CIA actuarial exams before applying to have your VEE credit added to your record.

Refund Policy

  • Course policy: students taking this course on-demand are eligible for a 100% refund of tuition up to 72 hours after purchase, and a 50% refund from 72 hours to a week after purchase, provided the course has not been accessed.
  • After 1 week, students may pause the course for up to 6 months, but no refund will be given, provided the course has not been accessed.

About the Authors

Johnny Li, PhD, FSA

Professor Li is Professor and the Holder of the Munich Re Chair in Predictive Analytics at the University Of Waterloo, Canada. His current teaching and research focus on the interface between actuarial science and predictive analytics. Over the years, his research contributions have led to several prestigious awards, including the Society of Actuaries (SOA) Redington Prize, the SOA Edward A. Lew Award and the SCOR Actuarial Award in Asia.

Andrew NgPhD, FSA

Professor Ng is an Associate Professor of Practice in Actuarial Science at the Chinese University of Hong Kong. Prof. Ng has more than 15 years of experience in actuarial science and financial mathematics education. He teaches a broad range of actuarial science and finance courses, including life contingencies, derivative securities, risk management, and predictive analytics. In 2012, he was awarded the Vice-Chancellor’s Exemplary Teaching Award from the Chinese University of Hong Kong. Prof. Ng received his Ph.D. from the University of Iowa.

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